Why is the white hot Chinese tech sector cooling down?

Jun-16-2019, 00:06:10 GMT–#artificialintelligence

China's once scorching tech sector is cooling off. "Winter is coming," laughs Lin Liu, a 29-year-old Shanghai tech worker. Electric vehicles, industrial robots, and microchip production all slowed recently. Big firms like Alibaba, Tencent, and search engine Baidu have slashed jobs. Overall, one in five Chinese tech companies plans to cut recruitment, says jobs site Liepin.com.

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Jun-16-2019, 00:06:10 GMT

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Country:
- Europe > France (0.05)
- Asia > China
  - Shanghai > Shanghai (0.30)
  - Guangdong Province > Shenzhen (0.07)
  - Beijing > Beijing (0.07)
  - Jiangsu Province > Nanjing (0.05)
  - Hong Kong (0.05)

Industry:
- Banking & Finance (1.00)
- Transportation
  - Ground > Road (0.70)
  - Electric Vehicle (0.55)

Technology:
- Information Technology > Artificial Intelligence > Robots (0.55)

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